Summary
Autodesk, Inc.'s 10-K filing for the fiscal year ended January 31, 2011, reveals a company in recovery and poised for growth following a challenging economic period. Net revenue saw a significant increase of 14% year-over-year, reaching $1.95 billion, driven by growth across all segments and geographies. Income from operations dramatically improved, increasing by 314% to $271.4 million, reflecting strong revenue growth coupled with effective cost management. The company's strategic focus on expanding its product portfolio with suites and increasing adoption of model-based design products, alongside international market expansion, appears to be paying off. The company ended the fiscal year with a robust cash position of $1.47 billion, demonstrating healthy liquidity. Autodesk continued its commitment to returning value to shareholders through a stock repurchase program, buying back 9.0 million shares during the year. While the company acknowledges the ongoing uncertainties in the global economic recovery and potential impacts from events like the Japanese earthquake and tsunami, it projects continued revenue growth and operating margin expansion for the upcoming fiscal year.
Financial Highlights
51 data points| Revenue | $1.95B |
| Cost of Revenue | $196.60M |
| Gross Profit | $1.76B |
| R&D Expenses | $496.20M |
| Operating Expenses | $1.48B |
| Operating Income | $271.40M |
| Net Income | $212.00M |
| EPS (Basic) | $0.93 |
| EPS (Diluted) | $0.90 |
| Shares Outstanding (Basic) | 227.60M |
| Shares Outstanding (Diluted) | 234.20M |
Key Highlights
- 1Autodesk reported a 14% increase in net revenue to $1.95 billion for fiscal year 2011, indicating a strong rebound from the previous year.
- 2Income from operations surged by 314% to $271.4 million, showcasing improved profitability due to revenue growth and cost control.
- 3The company's key segments, PSEB, AEC, and MFG, all experienced revenue growth, with PSEB and MFG showing significant increases of 15% and 22%, respectively.
- 4International revenue continued to be a major contributor, representing 71% of total net revenue, with the APAC and EMEA regions showing particularly strong growth.
- 5The company maintained a strong liquidity position, with $1.47 billion in cash, cash equivalents, and marketable securities at year-end.
- 6Autodesk continued its stock repurchase program, buying back 9.0 million shares in fiscal year 2011, demonstrating a commitment to shareholder returns.
- 7The company highlighted a strategic shift towards expanding its product suites and promoting model-based design products as key drivers for future growth.